Savings and CDs

SaveUp Savings

Earn a Higher Interest Rate when you open a Solutions SaveUp Savings account at the same time as your Checking account. All it takes is a $10 minimum transfer from checking to savings each statement cycle.

A simple way to start saving money for the future.

Minimum Balance to Open - $25.00

• Interest earned on your balance, paid monthly
• Transfers from a savings account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per month
• $5.00 fee for each third party withdrawal in excess of 6 per month
• Electronic quarterly statements
• Fees may reduce earnings
• Variable interest rate

See Our Rates   

Health Savings Account

High deductible health plans and medical expenses require forethought to avoid a big hit to the budget should medical needs arise. Plan ahead and start saving now with a health savings account at Solutions Bank.

Set aside funds in an HSA and earn tax free interest on your balance. You can easily access funds to pay for your medical bills, prescription medication, and other eligible expenses. It's a smart investment in your health!

HSA Overview

No minimum balance to open

• Interest earned on your balance tax free, paid monthly
• Electronic monthly statement
• Contributions are tax deductible
• Withdrawals are tax free when used for qualified medical expenses
• Easy withdrawal access by check, debit card, bill pay, or in person
• Funds roll over year-to-year automatically
• HSA is owned by you, not your employer
• Fees may reduce earnings
• Variable interest rate

See Our Rates 

Eligibility Requirements

• No income requirements or limitations
• Must be covered under a qualified, high deductible health plan
• Must not be covered by another health plan that is not a high deductible health plan
• Must not be eligible to be claimed as a dependent on a federal income tax return
• Not enrolled in Medicare

Contribution Limits

Contribution limits are set by the IRS. Current 2018 contribution limits are:

• $3,450 for a single person
• $6,900 for a family
• Individuals aged 55 and over may contribute an additional $1,000.00 above the maximum for each tax year

Certificates of Deposit

Investing in CDs is always a safe bet. FDIC insurance and fixed rates ensure that you get a guaranteed return on your investment so you can afford to invest in other ways if you choose. We offer a wide variety of terms to suit your needs. Start building your savings today. Our employees will be glad to assist you over the phone or in person.

• Guaranteed fixed rate of return
• No maintenance fees
• Terms from 3 months to 5 years
• Penalties apply for early withdrawal
• Automatic renewal*

See Our Rates

* A penalty may be imposed for early withdrawal

Money Market Account

A higher interest rate account with easy access to funds.

Minimum Balance to Open - $2,500.00

• Tiered interest earned based on your balance, paid monthly
• Ability to withdraw funds by check on a limited basis
• Transfers from a Money Market account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per statement cycle with no more than three by check. $5.00 fee for each third party withdrawal in excess of 6 per month
• Electronic monthly statement
• A $10.00 fee will be imposed every statement cycle if the balance in the account falls below $2,500.00 any day of the cycle
• Fees may reduce earnings
• Variable interest rate

See Our Rates